A £75 million deal to build a Crossrail station at Woolwich is expected to clear the final hurdle tomorrow.

A funding package for the new station has been agreed between Greenwich council and Berkeley Homes, which proposes to build 15,000 homes near the new railway.

Sources say the point at which contracts are signed is “very close” and will meet the Crossrail construction team’s deadline of July.

Tomorrow Transport for London will recommend its board approve the new station. Woolwich had faced the prospect of being on the south-eastern spur of the new line, but with no trains stopping there.

Although an £80 million station skeleton has been built there, funding for the station itself — which was not in the main Crossrail £15 billion budget — was in doubt as the council and developers haggled over costs in what sources say was a “Mexican stand-off”.

Tunnel boring machines will shortly break through at Woolwich.

TfL says the station is needed to serve a local population that is expected to double by 2026.

It added that a new station would support local economic growth and improve connectivity to Canary Wharf, the City and West End, increasing the employment chances of Woolwich residents. Crossrail journey times from Woolwich will be eight minutes to Canary Wharf and 16 minutes to Liverpool Street.

Liberal Democrat Caroline Pidgeon, deputy chairman of the London Assembly transport committee, said: “If an agreement is close to finally being reached for the funding of a Crossrail Woolwich station, that is clearly great news. The failure to deliver a station would be an absolute betrayal for people in south-east London, denying them the improved transport links and economic benefits that Crossrail is set to bring to so many other places.”

A TfL statement said: “We will be asking the board to approve arrangements for the fit-out works at Woolwich. The fit-out of the station will be subject to the funding agreements with Berkeley Homes and the Royal Borough of Greenwich being finalised.”